Woman loses $100,000 deposit as lawyer doesn’t see fax

Judge decided a woman’s $100,000 deposit on a $1.5 million Toronto home was forfeit because her lawyer didn’t see a fax

In an age of instant communication with emails, text mesages and cell phones, when it comes to real estate contracts, the notion of what is ‘timely’ takes on a new meaning.

In an unusual case, a judge decided that a woman’s $100,000 deposit on a $1.5 million Toronto home was forfeit because her lawyer didn’t see a fax on her machine that could have saved the deal from falling through. Judge Sidney Lederman ruled, in a February 20, 2013 ruling that a busy lawyer should monitor correspondence until 6 pm.

Read Full Article Courtesy of Thestar.com


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REAL ESTATE SNATCH is the independent real estate blog of Samir Safadi, Sales Representative of West-100 Metro View Realty Ltd, brokerage it is dedicated to covering Real Estate News, digital culture, social media and technology, providing analysis of trends, Market Data , reviewing new development. Offering Real Estate services resources and guides. Services are provided to prospective buyers and sellers of real estate by Samir Safadi, Sales Representative, West-100 Metro View Realty Ltd, brokerage, duly registered in the province of Ontario, under Real Estate and Business Brokers Act, 2002 (REBBA 2002) and Member in good standing with

 

 

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